The Beijing-based search engine giant says its AI chatbot, Ernie 3.5, beat OpenAI’s market leader in several key metrics

One hedge fund already uses ChatGPT to project earnings power, and identify investment opportunities and risks

Tokyo’s regulator is one of many around the world scrambling to establish rules over the use of generative artificial intelligence

The tech giant will also launch a competition for developers to build applications off its Ernie bot in the race to catch up with Microsoft’s ChatGPT

Authorities have detained a man for generating a fake story that claimed a train crash killed nine construction workers in a city in China's northwestern Gansu

Geoffrey Hinton said he regretted his role in driving the development of AI, saying it could flood the internet with false information, destroy the global job market and also lead to the creation of autonomous weaponry

"This export restriction is noticeable, but it's not quite as devastating as it could have been," one expert said

"Until our company's official announcement, any Ernie app you see from App Store or other stores are fake," the Chinese search engine giant said in a statement

Analysts fear the gains are distorting markets, starving other sectors of cash, as desperate investors hope to get in on the next ChatGPT

The format was changed to satisfy the 'strong demand' from 120,000 companies that had applied to test Ernie Bot, the search giant said

Ernie bot responded in a similar manner to questions about China's 1989 Tiananmen Square crackdown and the treatment of Uyghur Muslims

"Ernie Bot is not a tool of confrontation between China and the United States," said Baidu CEO Robin Li.